33:011:100 Lecture Notes - Lecture 1: Time Management, Collective Bargaining, Decision-Making

• School: Rutgers University
• Department: Administrative Studies
• Course: 33:011:100
• Professor: Professor Reaves

Document Summary

Buy a 3 ring binder, with lined paper. Be present- be in the right mindset. Respect each other- on time/ no cell phones. Learn for present & future- knowledge is power. Grading- not a lot of exams, mid term (chapter 1-8) counts for 45%. Required to bring a journal binder (3 ring binder and inside it will have a journal). Profit-seeking activities and enterprises provide goods and services necessary to an economic system. Profit is the reward for businesspeople that take the risk involved to offer goods and services to customers. Capital technology- tools, information, and physical facilities. Entrepreneurship- willingness to take risks to create and operate the business. It is important for companies to have a good relationship with buyers. Rewards firms for their ability to serve the needs of consumer. Adam samuel is the father of capitalism. Competition is the battle among businesses for consumer acceptance. Basic rights of citizens in the private enterprise.